Regulatory (Payment) Legal Counsel

About The Role:
The Payment Counsel will play a pivotal role within the Global Legal Team, serving as a cross-functional expert to facilitate collaboration among Legal,  Compliance, Business, and Operations teams. This position is essential in  navigating the rapidly evolving payments landscape and ensuring the  Group’s payment operations comply with all relevant legal and regulatory  requirements across jurisdictions. The role also aims to enhance the  independence, consistency, and efficiency of managing payment-related  legal issues within the Group, delivering long-term cost efficiencies. 

What You'll Do (Responsibilities): 

Payments Legal Expert:

• Provide legal advice on payment regulations, licensing  requirements, and regulatory compliance obligations across  jurisdictions where the Group operates or would like to  implement the new product developments across the Globe.
• Monitor and address legal developments in payment services,  electronic money regulations, and fintech innovation, ensuring  the Group’s operations remain compliant.
  

Cross-Team Collaboration:

• Act as a liaison among Legal, Compliance, Business, Product  Development and Operations teams to ensure alignment on  payment-related legal and regulatory matters.
• Support the development and implementation of payment  frameworks that enhance collaboration and operational  effectiveness.
  

Policy and Contract Management:

• Draft, review, and negotiate customers agreements (ToS),  various agreements related to payment services, including  partnership agreements, licensing arrangements, and vendor  contracts.
• Develop and maintain internal policies and processes to manage  legal and regulatory risks associated with payment operations.
  

Regulatory Compliance:

• Ensure all Group payment entities adhere to applicable payment  and financial regulations, including those related to consumer protection , and data privacy (the last one in collaboration with  Group DPO).
• Lead internal audits and risk assessments related to payment  operations to identify and mitigate compliance risks.
  

In-House Efficiency and Cost Optimization:

• Build internal capabilities for managing payment-related legal  issues to reduce reliance on external advisors.
• Identify opportunities for cost efficiencies while maintaining  compliance and legal excellence .

What You'll Need To Be Successful In This Role:
Education : UK Bachelor’s or Master’s degree in Law or a related  field.

The ideal candidate will have previous experience in and  extensive knowledge of: 

• Substantial practical experience in banking, payments and e-  money regulatory regime and applying such matters to business  decisions, product design and customer, supplier and product  terms. 
• The regulatory perimeter and financial services permissions  requirements as well as familiarity in advising on licence  applications.
• Financial services business models, particularly e-money models.
• Developing customers agreements (ToS) in order to comply with  regulatory requirements etc.

Skills: 

• Deep understanding of global payment regulations, licensing  frameworks, and compliance standards.
• Strong negotiation and drafting skills for payment-related  contracts and agreements.
• Proven ability to work effectively across teams in a fast-paced  and complex environment.

Key Competencies: 

• Strategic mindset with a focus on fostering innovation within legal and regulatory frameworks.
• Excellent problem-solving skills to address complex and evolving payment issues.
• Strong interpersonal and communication skills to facilitate collaboration across diverse teams.

Would be considered as a plus:

• Experience in a high-growth or scale up environment.
• Experience in product development.
• Experience of advising on the development od digital assets products, their operations, current regulation .
• Experience of advising on legal matters such as outsourcing arrangements, corresponding banking, the APP scam regime, Consumer Duty, DORA (EU) etc.
• Experience of advising on intra-group arrangements, including maters relating to governance.
• Awareness of payment systems and their rules.

Why Join Paysend?

• Make a Global Impact: Directly impact millions of users worldwid
• Accelerate Your Career: Benefit from internal mobility, mentoring programs, and continuous learning opportunities
• Thrive in a Connected, Global Organization: Collaborate with colleagues across our international hubs and more
• Embrace a Principle-Driven & Focused Culture: Work in an organization guided by strong principles and values that actually help you achieve more than you thought possible
• Enjoy Competitive Compensation and Benefits: Receive a competitive salary, benefits, and flexible work arrangements